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 | Przemyslaw Radomski CFA - SunshineProfits |
| The Coherent, The Foremost, and the Remarkable |
| The previous week was quite rich in important events. Silver rallied significantly on Wednesday and mining stocks underperformed significantly on Thursday. Gold declined significantly after moving to the previous high, but without a breakdown to new 2018 lows the situation remains tense, especially that the USD Index is fighting to break above an important support / resistance line. These signals may seem random, but if you’ve seen similar cases many times before, it all becomes coherent. EspeciTuesday, February 27, 2018 |
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 | Chris Powell - GATA |
| Ned Naylor-Leyland: Oppose takeover of CEF to prevent banks from raiding its gold |
| Old Mutual gold and silver fund manager Ned Naylor-Leyland today explains why he opposes Sprott Asset Management's long-running bid to acquire the Central Fund of Canada gold fund -- in part to keep CEF's gold from being raided by investment banks for covering their short positions.
Naylor-Leyland writes: "Over the course of the life of CEF, the stock has traded as low as a 17-percent discount to net asset value and as high as a 30-percent premium. Indeed, the fund has traded at a premium to itFriday, November 10, 2017 |
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 | Jason Hamlin - Gold Stock Bull |
| What You Know for Sure that Just Ain’t So! |
| It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.
-Mark Twain
We know many things for sure. Examples are:
In 1913 we knew that a European war was unlikely because European countries would not engage in pointless and mutually destructive actions. Later we knew it as “the war to end all wars.”
In 1915 we knew that the war would be over in a matter of weeks.
In 1929 we knew that the stock market had reached a permanently high price plateau.
InThursday, October 19, 2017 |
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 | Andy Hoffman - Miles Franklin |
| Precious Metals VS. Crypto-Currency And Mainstream Investments-“Revisited” |
| Two days after the most suicidal, hubristically arrogant policy statement in FOMC history, by an institution desperate to maintain the dead propaganda meme of “growth”; and with it, the Cartel’s “response” – gold remains less than $20/oz below its 5½ year downtrend line, and $20/oz above its 200 week moving average; whilst silver – in my view, more undervalued than at any time in history – is just a buck below its 200 week moving average, but a full $0.65/oz above its 5½ year downtrend line. InSunday, June 18, 2017 |
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| Andy Hoffman - Miles Franklin |
| Precious Metal Investing 2017-The “Old” Versus The New |
| Talk about “extremes to the extreme!” To wit, I have been watching the “2:15 AM” open of the London paper market for nearly four years; and on 806 of the 923 days since, prices have been either attacked or “capped and attacked” via the ubiquitous “Cartel Herald” algorithm – which has stopped all PM rallies, at all times of day, for the 15 years I have been watching. In fact, when I started watching the 2:15 AM “phenomenon” in July 2013, gold and silver were $1,300/oz and $19/oz, respectively, Wednesday, March 15, 2017 |
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 | Jesse - Le Cafe Américain |
| NAV Premiums of Certain Precious Metal Trusts and Funds |
| Sprott Offer For Central Fund of Canada Press Release dated March 8
Sprott Asset Management LP (“Sprott”), a wholly owned subsidiary of Sprott Inc. (TSX:SII), today announced that it has filed an application (the “Application”) with the Court of Queen’s Bench of Alberta (the “Court”) to formally commence proceedings which, if successful, would result in the Class A shareholders of Central Fund of Canada Limited (“CFCL”) (NYSEMKT:CEF) (TSX:CEF.A), effectively, exchanging their Class A shares foMonday, March 13, 2017 |
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| Chris Powell - GATA |
| Sprott makes hostile $3.1 billion bid for Central Fund of Canada |
| http://www.cbc.ca/news/canada/calgary/sprott-takeover-bid-central-fund-c...
Toronto-based Sprott Inc. said Wednesday it's making an all-share hostile takeover bid worth $3.1 billion US for rival bullion holder Central Fund of Canada Ltd.
The money-management firm has filed an application with the Court of Queen's Bench of Alberta seeking to allow shareholders of Calgary-based Central Fund to swap their shares for ones in a newly-formed trust that would be substantially similar to Sprott's existiThursday, March 9, 2017 |
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| Andy Hoffman - Miles Franklin |
| The Fed’s Own “minutes” Threaten To Destroy It! |
| It’s Wednesday morning – and my head is not only spinning from the swarming, worldwide tsunami of “PM bullish, everything-else-bearish” news; but the most egregious – and ultimately, self-defeating – market manipulation of all time.
As for said “news,” just how much uglier can it get? Between exploding rent, healthcare, and now gasoline prices (despite some of the ugliest energy supply/demand fundamentals imaginable); collapsing economic data (Target joined the ranks of retailers reporting abysWednesday, May 18, 2016 |
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| Andy Hoffman - Miles Franklin |
| China Vs. The Gold Cartel – No Contest! |
| There are so many places I could start – on this, the day before Miles Franklin’s Ft. Lauderdale Q&A Rap Session, to be hosted by my good friend, and fellow New Yorker, Kerry Lutz of the Financial Survival Network. As of yesterday, we had nearly 200 people registered to attend, and 400 to listen to the online, interactive webcast. This FREE event still has space available, and we invite you to either attend, or listen online. Now that the Cartel is clearly “on the ropes” – as starkly evidenceWednesday, April 20, 2016 |
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| Jesse - Le Cafe Américain |
| NAV Premiums of Certain Precious Metal Trusts and Funds |
| It looks like we have had some notable changes in the closed end trusts and funds since February. I include both the current and the previous charts of these instruments below.
The first thing that I looked at is the drawdown in gold bullion at the Sprott Physical Gold Trust that has occurred since February of about 57,702 troy ounces. I think it is probably due to redemptions rather than fund sales because the cash level of the Trust is a workable but relatively modest $1,870,00, down from aWednesday, April 13, 2016 |
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| Jesse - Le Cafe Américain |
| NAV Premiums of Certain Precious Metal Trusts and Funds |
| The Central Fund of Canada is going to need to raise short term cash levels at some point. Historically they have done this through secondary offerings.Thursday, February 25, 2016 |
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| Andy Hoffman - Miles Franklin |
| Control |
| It’s early – and I do mean early Saturday morning – as I prepare to take four-year old Sylvie skiing for the first time. Frankly, I’m as excited about this outing as the beginning of the end of the gold Cartel – as are all Coloradan parents with children who, for the first time, are strong enough to don skis. And “beginning of the end” it certainly was. At least, here in the States – as overseas, gold has been in a raging bull market for two years, care of the unprecedented destruction of fiaMonday, February 15, 2016 |
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 | Gary Tanashian - Biwii |
| Precious Metals: A Positive Big Picture View of Risk vs. Reward |
| By Gary TanashianWhile routinely following the precious metals as one of many sectors in NFTRH, we have mostly left it alone with respect to public writing over the last few years. That is because it is in a bear market and since I am not a slick short-term trader, I have felt it is best to mostly just let it play out to the bear's will without overly active involvement.But several indicators have us on alert that 2016 is going to be the year that the bear ends in gold and gold stocks. So why Tuesday, December 22, 2015 |
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| 24hGold - MarketWired |
| Central Fund of Canada Limited: Court of Appeal Upholds Lower Court Decision That Meeting Requisition Was Invalid |
| CALGARY, ALBERTA--(Marketwired - Nov 6, 2015) - Central Fund of Canada Limited ("Central Fund") (NYSE MKT:CEF)(TSX:CEF.A)(TSX:CEF.U) provides the following update concerning the application brought on June 23, 2015 in the Court of Queen's Bench of Alberta (the "Court") by 1891868 Alberta Ltd. ("1891868"), a wholly-owned subsidiary of Sprott Asset Management LP, against Central Fund and its directors seeking certain relief under the Business Corporations Act (Alberta), including on the ground ofFriday, November 6, 2015 |
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| Jesse - Le Cafe Américain |
| NAV Premiums of Certain Precious Metal Trusts and Funds - Killing Off Cash, Negative Rates |
| Approximately 11,293 troy ounces (only about .35 tonnes) of gold was redeemed from the Sprott Physical Gold Trust in return for 1,365,920 units since the last time I updated this on October 25th. That prior chart is including below the current.
You may make what you will of this, but the fact remains that no one is redeeming units for silver. I think this is part of the general trend of gold leaving Western ETFs and Funds and heading to Asia. It could also be some sort of arbitrage, but I am Wednesday, November 4, 2015 |
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| 24hGold - Noodls |
| GOLD Sprott Files Notices of Extension in Connection With Offers for Central GoldTrust and Silver Bullion Trust |
| Central GoldTrust Offer Continues to Gain Momentum With Approximately 57% of Unitholders Tendering
Sprott's Offer is Supported by the Largest Unitholders in GTU and Thousands of Retail Investors
GTU's and SBT's Trustees Continue to Engage in a Campaign to Impede the Sprott Offers to the Detriment of their Own Unitholders
With a Clear Majority of GTU Unitholders Supporting the Proposed Transaction, Sprott Intends to Take the Necessary Steps to Ensure that the Views of GTU Unitholders are HeMonday, November 2, 2015 |
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| Andy Hoffman - Miles Franklin |
| REAL MONEY VS. “PAPER PM INVESTMENTS” |
| Another day passed, and another day closer to the cataclysmic end of hope that a return to “normalcy” as we have known it can be regained; not in this generation, and not until the cancerous fiat currency Ponzi scheme that caused the world’s economic demise is destroyed.
Just this weekend, I discussed the “seminal events, in a collapsing global economy” that have taken center stage this week – like the impending bankruptcies of Petrobras and Glencore; the terrifying implications of the CataloniaTuesday, September 29, 2015 |
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| 24hGold - MarketWired |
| Central Fund of Canada Limited: Oppression Action Dismissed |
| CALGARY, ALBERTA--(Marketwired - Sep 28, 2015) - Central Fund of Canada Limited ("Central Fund") (TSX:CEF.A)(TSX:CEF.U)(NYSE MKT:CEF) provides the following update concerning the application brought on June 23, 2015 in the Court of Queen's Bench of Alberta (the "Court") by 1891868 Alberta Ltd. ("1891868"), a wholly-owned subsidiary of Sprott Asset Management LP ("Sprott"), against Central Fund and its directors seeking certain relief under the Business Corporations Act (Alberta), including on tMonday, September 28, 2015 |
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 | The Gold Report |
| Jayant Bhandari Presents Arbitrage Opportunities for You to Pounce On |
| Jayant Bhandari, an institutional investment adviser to the junior mining market, is like a leopard stealthily scanning for market inefficiencies that will make his clients more money. The most promising arbitrage situations—trades that exploit price differences between similar financial instruments—come about as a result of takeover bids, while others happen when a company's shares trade significantly below its cash on hand. In this interview with The Gold Report, Bhandari shares arbitrage oppoTuesday, September 8, 2015 |
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| 24hGold - Yahoo |
| GOLD Sprott Highlights the Ongoing Value Destruction and High Costs to Central GoldTrust and Silver Bullion Trust Unitholders |
| TORONTO, Sept. 3, 2015 (GLOBE NEWSWIRE) -- Sprott Asset Management LP ("Sprott" or "Sprott Asset Management"), together with Sprott Physical Gold Trust ("Sprott PHYS") (PHYS) (TSX:PHY.U) and Sprott Physical Silver Trust (PSLV) (TSX:PHS.U) ("Sprott PSLV" and, together with Sprott PHYS, the "Sprott Physical Trusts"), today highlighted the ongoing destruction of value and costly entrenchment by the Trustees of Central GoldTrust ("GTU") (TSX:GTU.UN) (TSX:GTU.U) (GTU) and Silver Bullion Trust ("SBT")Thursday, September 3, 2015 |
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